The Best — And Worst — Private Equity Vintages

The Best — And Worst — Private Equity Vintages

Private equity funds raised in 2016, 2017, and 2018 will likely endure the greatest damage from the current economic downturn, according to eFront, a BlackRock-owned financial software and research company. But funds closed in 2020 may fare quite well as they invest...
Private Equity Poised to Face a Reckoning After Gilded Decade

Private Equity Poised to Face a Reckoning After Gilded Decade

A turning point has arrived for the private equity industry, whose velvet-rope deals and outsized returns defined the past decade’s era of ultra-wealth on Wall Street. The jolt of the coronavirus pandemic, which halted most economic life in the U.S., has sent...
Qatar Raising $7.6 Billion to Bolster Cash Reserves

Qatar Raising $7.6 Billion to Bolster Cash Reserves

Qatar’s sovereign wealth fund is pledging some of its most high-profile European equity investments to raise a 7 billion euro ($7.6 billion) loan that will help the top liquefied natural gas exporter bolster its cash reserves amid plunging energy prices. The Qatar...
Private Equity May Be Shut Out of Fed Lifeline to Levered Firms

Private Equity May Be Shut Out of Fed Lifeline to Levered Firms

Private-equity owned firms may be largely excluded from the Federal Reserve’s expanded Main Street Lending Program even as the central bank widens the scope of the facility to include more highly leveraged borrowers. The U.S. central bank Thursday broadened the...
L Brands, Sycamore agree to call off Victoria’s Secret deal

L Brands, Sycamore agree to call off Victoria’s Secret deal

L Brands Inc (LB.N) said on Monday it has agreed to call off the sale of its majority stake in Victoria’s Secret lingerie business to buyout firm Sycamore, averting a bitter legal battle between the two companies over the $525 million deal. Shares of the Columbus,...